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Cumberland Afternoon Color
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Good Morning and Happy Monday from Cumberland APAC! It’s now been about a month since Trump was elected, and the crypto world simply looks like a different place. BTC has now spent two weeks between $90k without breaking through $100k, keeping the anticipation high without giving the market what it was looking for. Outside of BTC, the market has been a fairly chaotic place; green shoots have been emerging on an almost daily basis, with a steady rotation not just of which coins enjoy the rallies, but also of which narratives. In the past month, we’ve seen Memecoin cycles, we’ve seen Bluechip DeFi cycles, we’ve seen alt L1 cycles. Most of these have been in significant size, and most of them have held onto their gains without becoming a real...